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Colombo Chief Magistrate Thanuja Lakmali today remanded three directors of Smart Win Pvt Ltd till March 17 for allegedly operating an illegal pyramid financial scheme under the guise of a Wallapatta cultivation project, defrauding investors across the country of Rs. 1.5 billion.
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Monaragala has recorded a slightly unhealthy air quality level, while Jaffna remains in the unhealthy air quality category today, the Vehicular Emission Test Trust Fund of the Department of Motor Traffic said.
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Tata Motors, India’s leading automobile manufacturer and the pioneer of sustainable mobility, along with DIMO, the authority in automotive excellence for over 85 years and the sole authorised distributor for Tata Motors in Sri Lanka, launched the all-new range of passenger vehicles (including internal combustion engine (ICE) vehicles and electric vehicles (EVs)) in the country recently.
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The Department of Excise, the competent authority managing the liquor industry is left with no other option but to seek the Attorney General’s assistance to deal with the Rs.5.8 billion tax evading W. M. Mendis and Co., as the financial plan proposed by the former to get the liquor giant back on track has reportedly been rejected by the Ministry of Finance, the Daily Mirror learns.
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Sri Lanka’s apparel industry is upbeat about future growth and expansion with industry leaders emphasising the need for greater collaboration and policy consistency to sustain the sector’s current growth momentum.